Finance Bill

The right hon. Gentleman is right, but that was pre-announced over many years. I wanted to focus tightly on the clause and amendments, which is why I did not refer to local income tax. I am happy to discuss it with the hon. Member for Chipping Barnet (Mrs. Villiers), but I was referring to the recommendations of the Lyons report, which highlighted interim measures by which to deal with people living in the most valuable houses that have seen the greatest increase who may not be paying a proportionate amount. That might be a way of addressing the current inequality whereby the richest 20 per cent. of our society pay a lower proportion of their income in tax than the poorest 20 per cent. I have heard nothing from the Conservative Members about what they would do to tackle the issue, despite all the warm words.